Dale Maley

Biography

Dale C. Maley is the author of the 19999 book Index Mutual Funds: How to Simplify Your Financial Life and Beat the Pros.

He is also a contributing author to Chapter 18 Seeking Help from Professionals in the 2009 book The Bogleheads Guide to Retirement Planning.

He is a very successful private investor who has been a student of Financial Planning and Investing for over 30 years. He was trained as an engineer at the University of Illinois and has been a practicing engineer for 32 years. His accomplishments as an engineer include the granting of 16 U.S. Patents and authorship of over 500 professional technical papers. He is also a member of the International Society of Automotive Engineers and the Society of Manufacturing Engineers.

He also has earned an MBA (Masters Degree in Business Administration) degree from Illinois State University. His background in mathematics, engineering, and business provides him with the excellent basis for understanding and teaching investments and financial planning.

He is also a very successful investor who has been investing in common stocks and mutual funds since 1980. He has also personally invested in both 401(K) and IRA plans, so he is familiar with participation and management of these types of investments. He has been investing in indexed common stock mutual funds since 1990.

Dale became a Registered Financial Advisor in the State of Illinois in 2006 and is currently launching his business as a fee-only financial planner. He is President of Maley Financial Planning LLC.

Where to find Dale Maley online


Where to buy in print


Books

How Would Have a Low-Cost Index Fund Approach Worked During the Great Depression?
By Dale Maley
Price: $2.98 USD. Words: 2,740. Language: English. Published: July 26, 2013. Category: Nonfiction
Many of us have recently lived through the Tech Wreck of 2000 and the Sub-Prime Crash of 2008. The stock market declines of the Great Depression dwarf these recent events. This story explores what would have happened if you would have applied a low-cost index fund approach to investing during the Great Depression. This story will help you prepare for the inevitable next stock market decline.
Financial Planning for Medical Doctors
By Dale Maley
Price: $2.99 USD. Words: 6,180. Language: English. Published: December 22, 2012. Category: Nonfiction
American medical doctors face some unique financial planning challenges. This short story explores these unique challenges. Read this short story if you are a medical doctor who wants to learn how to meet your long-term financial goals.
How Do You Know When We Are In A Financial Bubble?
By Dale Maley
Price: $2.99 USD. Words: 3,180. Language: English. Published: December 29, 2011. Category: Nonfiction
Financial bubbles have been occurring for hundreds of years. Most of us have lived through the Tech Wreck of 2000 and the Sub-Prime Crash of 2008. This short story examines and identifies the common characteristics of financial bubbles. Reading this short story might help you identify the next time we find ourselves in a financial bubble.
Who Are The Bogleheads And Should You Become One?
By Dale Maley
Price: $2.99 USD. Words: 6,860. Language: English. Published: November 20, 2011. Category: Nonfiction
Bogleheads are people who are very interested in investing. They meet and share their ideas about investing and personal finance on their online forum. Over half of the Bogleheads are already millionaires. After reading this short story about the Bogleheads, you may decide to improve your own financial situation by joining their online forum.
Can Hoover Dam’s Design Principles Help Us Solve the Retirement Income Problem?
By Dale Maley
Price: $2.99 USD. Words: 4,520. Language: English. Published: November 15, 2011. Category: Nonfiction
One of their biggest challenges for retirees is making a retirement portfolio last during retirement. This is a challenge because of the fluctuating nature of future stock market returns. This short story compares Hoover Dam’s design to the retirement portfolio income problem. After reading this short story, you will gain a new appreciation for your own retirement income solution.
My Journey of Digitizing 50 Year Old Family Slides
By Dale Maley
Price: $2.99 USD. Words: 2,900. Language: English. Published: June 11, 2011. Category: Nonfiction
Millions of American families used slides to capture their family memories in the 1960s. These slides are now 50 years old. They are gradually decaying and their precious images will soon be lost forever. This short story chronicles my journey of digitizing 50 year old family slides. Reading this short story will help you decide on how to best preserve your family memories.
What Is The Optimum Method to Convert a Retirement Portfolio Into Income?
By Dale Maley
Price: $2.99 USD. Words: 6,830. Language: English. Published: May 29, 2011. Category: Nonfiction
What is the optimum method of converting your retirement portfolio into cash during retirement? This short story explores several alternative methods for converting a retirement portfolio into cash. Reading this short story will allow you to make your own well-informed decision on how to optimize the conversion of your retirement portfolio.
How Can I Retire If I Am 62 and Broke?
By Dale Maley
Price: $2.99 USD. Words: 3,410. Language: English. Published: May 16, 2011. Category: Nonfiction
Most retirement books assume you have time to save and accumulate money or you already have a significant net worth. This short story explores the options available to people reaching retirement age who are broke. After reading this short story, you will be able to make your own well-informed decision on how to optimize your chances of being able to retire.
Fire Your Over-Priced Financial Advisor and Retire Sooner
By Dale Maley
Price: $2.99 USD. Words: 2,990. Language: English. Published: May 14, 2011. Category: Nonfiction
Many Baby Boomers want to retire now. If they have chosen a high-priced financial advisor, their retirement date may be delayed indefinitely. After reading this short story, you will be able to make your own well-informed decision on how to optimize investment and financial planning fees so you can retire sooner.
Are 529 Plans Really the Best Way to Save for College?
By Dale Maley
Price: $2.99 USD. Words: 8,380. Language: English. Published: April 15, 2011. Category: Nonfiction
Before the advent of 529 plans, UGMA accounts were the principal method of saving for college. When state administered 529 plans were created by Congress in 1996, conventional wisdom said they were the new preferred method for college savings. Now many states are perilously close to bankruptcy and have closed their 529 plans. It is time to revisit the college savings method decision.
Be Very Wary of Equity Indexed Annuities
By Dale Maley
Price: $2.99 USD. Words: 9,300. Language: English. Published: March 17, 2011. Category: Nonfiction
78 million Baby Boomers start to turn age 65 in 2011. Many of these Boomers will be seeking investments that have low risk and high returns. Equity indexed annuities are promoted as low risk investments with high returns. This short story explores the complexities and hidden costs of equity indexed annuities.
How Do I Estimate Retirement Living Expenses?
By Dale Maley
Price: $2.99 USD. Words: 3,280. Language: English. Published: February 14, 2011. Category: Nonfiction
78 million Baby Boomers start to turn age 65 in the year 2011. A key factor in planning for retirement is the required spending level during retirement. Retirement spending drives the size of nest egg required to retire. This short story will give you enough information to make your own well-informed estimate of your retirement expenses.
How Do I Select the Correct Risk Level for My Portfolio?
By Dale Maley
Price: $2.99 USD. Words: 4,100. Language: English. Published: February 5, 2011. Category: Nonfiction
One of the key decisions an investor has to make is what level of portfolio risk to assume. This short story explores the issue of portfolio risk and asset allocation. After reading this short story, you will have enough information to make your own well-informed asset allocation decision.
How to Cut the Cost of Your Auto and Homeowner's Insurance
By Dale Maley
Price: $2.99 USD. Words: 3,150. Language: English. Published: January 22, 2011. Category: Nonfiction
Most people hate dealing with insurance because it is boring, wastes your precious time, and involves dealing with insurance salesmen. This short story outlines how to lower your insurance cost while minimizing the amount of your personal time spent. After reading this short story, you will know how to quickly and easily lower your annual insurance costs.
How to Read Your Way to Financial Wealth
By Dale Maley
Price: $2.99 USD. Words: 4,770. Language: English. Published: January 17, 2011. Category: Nonfiction
This story provides a process map or flow chart for the entire financial planning process. Each process step in the flow chart then becomes a separate chapter. For each chapter, a list of the best books, articles, and short stories are given so you can explore each step in more detail. This short story will give you a process for improving your financial wealth.
How to Save and Invest for Retirement
By Dale Maley
Price: $2.99 USD. Words: 8,040. Language: English. Published: January 2, 2011. Category: Nonfiction
This short story explains the basic concepts of financial planning and provides a conceptual roadmap for planning your retirement. By using a conceptual roadmap approach, you can quickly grasp the general concepts of retirement planning in a very short amount of reading time.
Do I Need Long-Term Disability Insurance?
By Dale Maley
Price: $2.99 USD. Words: 5,950. Language: English. Published: January 1, 2011. Category: Nonfiction
Americans have a 30% chance of incurring a long-term disability during their working career. This short story explores the use of long-term disability insurance to protect against this potential loss of income. After you read this story, you will have enough information to make your own well informed decision regarding long-term disability insurance.
Do I Need Long-Term Care Insurance?
By Dale Maley
Price: $2.98 USD. Words: 12,480. Language: English. Published: December 14, 2010. Category: Nonfiction
The wave of 78 million Baby Boomers start to turn age 65 in 2011. Many of them will have to decide whether or not to purchase long-term care insurance. This short story explores the subject of long-term care insurance. After reading this story, you should be able to make your own well informed decision regarding long-term care planning and funding.
How Do I Design My Own Financial Plan?
By Dale Maley
Price: $2.98 USD. Words: 5,840. Language: English. Published: November 27, 2010. Category: Nonfiction
Many Americans have long-term financial goals including paying for their children’s college or their own retirement. Studies have shown you are more likely to achieve your goals if you write them down. This short story shows how to develop your own personal financial plan. It includes a template that you can modify to fit your needs.
Do I Need a Letter of Instruction for My Heirs?
By Dale Maley
Price: $2.98 USD. Words: 3,170. Language: English. Published: November 19, 2010. Category: Nonfiction
Millions of American Baby Boomers are reaching retirement age. Many of them have set up estate plans using either wills or trusts. One additional document that can save their heirs a great deal of time is a Letter of Instruction. This short story explores how writing a Letter of Instruction can greatly ease the burden on your heirs of settling your estate.
Do I Need an Investment Policy Statement?
By Dale Maley
Price: $0.99 USD. Words: 2,070. Language: English. Published: November 14, 2010. Category: Nonfiction
Millions of Americans are saving and investing in an effort to fulfill their long term goals including college education for their children and retirement. One proven method of increasing the probability of achieving your goals is to put them in writing. This short story explores how writing an Investment Policy Statement can help you meet your financial goals.
Contribute to My Bad 401K or Go Taxable?
By Dale Maley
Price: $2.98 USD. Words: 3,980. Language: English. Published: November 10, 2010. Category: Nonfiction
Millions of Americans are stuck with poor 401K plans. These 401K plans have low employer matching ratios and very high annual expenses. At some point, it becomes better to simply invest in low cost index funds in a taxable account versus using the poor 401K. This story explores this problem and the trade-offs between a poor 401K and a taxable account.
How Do I Maximize Retirement Income From My Portfolio?
By Dale Maley
Price: $2.98 USD. Words: 4,240. Language: English. Published: October 16, 2010. Category: Nonfiction
Conventional financial planning wisdom assumes that retirees can withdraw a maximum of an inflation adjusted 4% of their retirement portfolio every year. Some recent research indicates the 4% safe withdrawal rate rule can be increased by following some decision based rules. This short story explores this recent research and illustrates how to maximize the income from a retirement portfolio.
Is Saving 10% of My Gross Income Good Enough?
By Dale Maley
Price: $2.98 USD. Words: 4,930. Language: English. Published: October 4, 2010. Category: Nonfiction
The old financial planning rule-of-thumb is to save 10% of gross income. With the demise of traditional pension plans and Social Security on shaky financial ground, it is time to revisit the 10% rule-of-thumb. This short story explores the 10% rule-of-thumb and updates it for the 21st Century. You will learn the correct target for your own personal savings rate.
How Does My Asset Allocation Compare to Everyone Else?
By Dale Maley
Price: $2.98 USD. Words: 3,350. Language: English. Published: September 14, 2010. Category: Nonfiction
The most critical decision involved with your retirement portfolio is the correct asset allocation. This short story reveals the actual asset allocation used by Americans as a function of age group. You can compare your age and your asset allocation with similar age groups and see how you compare.
Should I Pay Off My Mortgage Early?
By Dale Maley
Price: $2.99 USD. Words: 6,310. Language: English. Published: September 9, 2010. Category: Nonfiction
Younger homeowners often wonder if they should pay off their mortgage early. The 76 million Baby Boomers heading into retirement also face the key question on whether or not pay off their mortgage early. Financial experts differ in opinion on the mortgage early pay off decision. This short story explores the many aspects of the mortgage early pay off decision.
Are Black Swans Really Harmful to Ordinary Investors?
By Dale Maley
Price: $2.99 USD. Words: 4,860. Language: English. Published: August 29, 2010. Category: Nonfiction
Nassim Nicholas Taleb popularized the term Black Swan through his books and interviews. Taleb’s Black Swan Theory refers only to unexpected events of large magnitude and consequence and their dominant role in history. This short story explores whether or not Black Swan events are really important to ordinary Main Street investors versus Wall Street traders.
Should My Asset Allocation Include My Pension and Social Security?
By Dale Maley
Price: $2.99 USD. Words: 4,730. Language: English. Published: August 22, 2010. Category: Nonfiction
Many Americans are saving and investing for retirement. One of the key steps in investing is to determine an asset allocation that meets your specific situation. This short story explains whether or not you should include the present value of your pension and Social Security as bonds in your asset allocation plan.
Do I Need Umbrella Insurance?
By Dale Maley
Price: $2.99 USD. Words: 4,510. Language: English. Published: August 14, 2010. Category: Nonfiction
Many Americans work hard and live below their means so they can grow their wealth through saving and investing. Unfortunately, the U.S. has 50% of the world's lawyers. Umbrella insurance is an easy way to protect your hard earned wealth from lawsuits. This short story explains umbrella insurance including how much umbrella insurance you should have.
Got My First Job and How Do I Handle the 401K?
By Dale Maley
Price: $2.99 USD. Words: 2,220. Language: English. Published: July 11, 2010. Category: Nonfiction
Many high school or college graduates start work and run into a 401K for the first time. This short story explains the very basics of 401Ks. This story will help new workers to understand the basic concepts of 401K investing.
How to Use Psychology to Achieve Your Financial Goals
By Dale Maley
Price: $2.99 USD. Words: 5,810. Language: English. Published: July 11, 2010. Category: Nonfiction
Up until about 30 years ago, economists assumed that humans were perfectly rational in their decision making. Subsequent research has proven that we are anything but rational with respect to financial decisions. This short story explains how you can use psychology to help achieve your personal financial goals.
Why We Don't Save Enough for Retirement and How You Can Save More
By Dale Maley
Price: $2.99 USD. Words: 5,980. Language: English. Published: July 11, 2010. Category: Nonfiction
Many Americans are struggling with how to save more for retirement. This short story explores several methods for saving more for retirement.
Index Mutual Funds: How to Simplify Your Financial Life and Beat the Pros
By Dale Maley
Price: $4.95 USD. Words: 24,890. Language: English. Published: July 11, 2010. Category: Nonfiction
This book is designed to teach you the basics of index fund investing in less than one hour of reading time. It covers the basics of index fund investing. Although it was published in 1999, it was designed to be timeless and still applies to the 21st Century.
Frequently Asked Questions About ETFs and Index Funds
By Dale Maley
Price: $2.99 USD. Words: 7,080. Language: English. Published: July 10, 2010. Category: Nonfiction
This short story explains both ETFs and Index Funds using a question and answer format. It will teach you the basics of using these low cost investments as part of your investment portfolio.
How to Build a Fascinating Ratcheting Wood Model
By Dale Maley
Price: $2.99 USD. Words: 2,240. Language: English. Published: July 10, 2010. Category: Nonfiction
This short story contains the plans on how to build a fascinating ratcheting wood model. It requires an intermediate level of woodworking skill to build. You and your friends will be mesmerized watching the mechanism ratchet as you crank it.
How Asset Allocation Can Help You Achieve Your Financial Goals
By Dale Maley
Price: $2.99 USD. Words: 7,470. Language: English. Published: July 10, 2010. Category: Nonfiction
As a child, your mother probably told you not to put all your eggs into one basket. Asset allocation uses the same basic principle. This story story explores the definition of asset allocation and how you can use it to help achieve your financial goals.
Are You Using the Right Rules to Plan Your Retirement?
By Dale Maley
Price: $2.99 USD. Words: 8,090. Language: English. Published: July 10, 2010. Category: Nonfiction
The major advances in financial planning have taken place over the last twenty years. This short story explains the development of the latest rules for financial planning.This short story will help to assure that your are using the latest rules for your retirement planning.
Should Immediate Annuities Be a Tool in Your Retirement Planning Toolbox?
By Dale Maley
Price: $2.99 USD. Words: 5,780. Language: English. Published: July 10, 2010. Category: Nonfiction
This story story explores the option of annuitizing part of your retirement portfolio to reduce the risk of outliving your money. This story helps explains the pros and cons of using immediate annuities.
Who Wins the Variable Annuity Versus Mutual Fund Battle?
By Dale Maley
Price: $2.99 USD. Words: 6,750. Language: English. Published: July 10, 2010. Category: Nonfiction
This short story explores the issue of variable annuities versus stock index funds so ordinary investors can determine which option is best for helping to achieve their financial goals.
Sell My Stocks Before the Baby Boomers Crash the Market?
By Dale Maley
Price: $2.99 USD. Words: 4,880. Language: English. Published: July 10, 2010. Category: Nonfiction
Will the retirement of the 67 million Baby Boomers crash the U.S. stock markets? Many people predict a stock market crash when this massive wave of people retire and sell their stocks to provide living expenses for retirement. This short story explores and predicts the impact of the retirement of the Baby Boomers on the U.S. stock market.
How Do I Determine If I Have Saved Enough to Retire?
By Dale Maley
Price: $2.99 USD. Words: 4,220. Language: English. Published: July 10, 2010. Category: Nonfiction
Many people are wondering if they are saving enough for retirement. Younger people want to know how much they need to save for retirement. Those people close to retirement want to know if they have already saved enough to retire. This short story identifies the basic retirement planning process with specific examples. You can determine whether or not your retirement plan is on track or not.
Don't Max Out My 401K?
By Dale Maley
Price: $2.99 USD. Words: 6,160. Language: English. Published: July 9, 2010. Category: Nonfiction
Contributing the maximum amount to your 401K has become the “holy grail” of the financial services industry. Several recent studies suggest that not everyone should max out their 401K. This short story explores whether or not you should max out your 401K.
Will Reverse Mortgages be the Salvation of Baby Boomer Retirees?
By Dale Maley
Price: $2.99 USD. Words: 3,980. Language: English. Published: July 8, 2010. Category: Nonfiction
Many respected studies indicate that up to half of the 67 million Baby Boomer generation have not saved enough for retirement. Many academic studies are already assuming that up to half of the Baby Boomers will utilize reverse mortgages to increase their retirement income. This short story explores the pros and cons of utilizing reverse mortgages to boost retirement income.
Do I Need Ten, Twenty, or Thirty Times my Income to Retire?
By Dale Maley
Price: $2.99 USD. Words: 5,820. Language: English. Published: July 8, 2010. Category: Nonfiction
The 67 million Baby Boomers start to turn 62 in 2008. These Boomers need to determine if they have saved enough to retire. Determining if you have saved enough to retire turns out to be more of an art than a science. This short story explores the pros and cons of utilizing the conventional rules for determining if you have saved enough to retire.
How to Find a Good Financial Planner
By Dale Maley
Price: $2.99 USD. Words: 5,270. Language: English. Published: July 8, 2010. Category: Nonfiction
The 67 million Baby Boomers start to turn 62 in 2008. Most of these Boomers will need financial planning help to determine when they can retire. They will also need help in establishing a cash stream to support them during retirement. Most Boomers will need estate planning assistance as well. This short story thoroughly explores and determines how you can find a good financial planner.
Total Market or Slice-n-Dice for My Investment Portfolio
By Dale Maley
Price: $2.99 USD. Words: 3,580. Language: English. Published: July 8, 2010. Category: Nonfiction
This short story performs an analysis to determine which asset allocation strategies performed the best over the seven year 2000-2006 time period and the longer thirty-four year period from 1972-2006. Hopefully the results of this analysis will help people choose the best asset allocation for their own portfolios.
What Safety Factor Are You Using for Your Retirement Plan?
By Dale Maley
Price: $2.99 USD. Words: 3,480. Language: English. Published: July 8, 2010. Category: Nonfiction
Many Baby Boomers are trying to decide if they can retire or not. In many fields of study, safety factors are used to help manage the risk of a decision. This short story explores the use of various types of safety factors for the retirement decision.
How Much Income Do I Really Need in Retirement?
By Dale Maley
Price: $2.99 USD. Words: 2,720. Language: English. Published: July 8, 2010. Category: Nonfiction
Financial planners use a rule of thumb that says you will need 70% to 80% of your pre-retirement income. This short story examines this rule of thumb and apply it to four fictitious families. Hopefully the results of this analysis will help people better understand the pros and cons of using the 80% rule of thumb. This story should also help people better estimate their retirement income needs
Rules of Thumb or Retirement Planning Software?
By Dale Maley
Price: $2.99 USD. Words: 4,190. Language: English. Published: July 8, 2010. Category: Nonfiction
There are at least five alternative methodologies people can use to plan for retirement. This short story explores and compares these five alternative methods of retirement planning. This story should be very helpful to people who are beginning to undertake serious planning for their own retirement.
How to Build a Risk Free Retirement Portfolio
By Dale Maley
Price: $2.99 USD. Words: 2,720. Language: English. Published: July 8, 2010. Category: Nonfiction
This short story explores several alternative methods that people can use to design and build retirement portfolios. One alternative that is thoroughly explored is an all TIPS (Treasury Inflation Protected Securities) portfolio. If you assume the U.S. Government will never default on its bonds, then an all TIPS portfolio is essentially a risk-free portfolio.
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Dale Maley’s tag cloud

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